Impax Asset Management Group (LON:IPX) Hits New 1-Year Low – What’s Next?

Impax Asset Management Group Plc (LON:IPX)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 220.50 ($2.69) and last traded at GBX 224 ($2.74), with a volume of 578262 shares. The stock had previously closed at GBX 242.50 ($2.96).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on Impax Asset Management Group from GBX 560 ($6.84) to GBX 510 ($6.23) and set a “buy” rating on the stock in a report on Friday, December 13th.

Impax Asset Management Group Stock Down 4.2 %

The firm’s fifty day simple moving average is GBX 295.30 and its 200 day simple moving average is GBX 353.41. The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The stock has a market capitalization of £274.47 million, a price-to-earnings ratio of 691.94, a P/E/G ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a GBX 22.90 ($0.28) dividend. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 7.12%. Impax Asset Management Group’s dividend payout ratio (DPR) is currently 9,032.26%.

Impax Asset Management Group Company Profile

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.